Latest property price forecasts revealed. What’s ahead in the next year or two?
That’s a question people are asking now that our real estate markets seem to be bottoming out.
1sharemarketIt wasn’t that long ago that the media was predicting housing market Armageddon, but the property pessimists have been proven wrong and as green shoots are appearing it looks like we’re reaching the bottom of the property cycle.
Having said that, this has been the longest and deepest property downturn in modern history.
While the combined capital city market values are down just over 10% from their peak, Sydney property values have fallen 14.9% and Melbourne property values 11.1% from their peaks around two years ago.
The languishing Perth and Darwin property markets have fallen considerably more since their peaks after the mining boom.
Read more: https://propertyupdate.com.au/property-predictions-for-2021-revealed/
1sharemarketIt wasn’t that long ago that the media was predicting housing market Armageddon, but the property pessimists have been proven wrong and as green shoots are appearing it looks like we’re reaching the bottom of the property cycle.
Having said that, this has been the longest and deepest property downturn in modern history.
While the combined capital city market values are down just over 10% from their peak, Sydney property values have fallen 14.9% and Melbourne property values 11.1% from their peaks around two years ago.
The languishing Perth and Darwin property markets have fallen considerably more since their peaks after the mining boom.
Read more: https://propertyupdate.com.au/property-predictions-for-2021-revealed/
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